Lotus Resources’ DFS ranks Kayelekera uranium project amongst world’s lowest capital cost developments

Lotus Resources’ DFS ranks Kayelekera uranium project amongst world’s lowest capital cost developments

Lotus Resources ASX LOT Kayelekera Mine Site Definitive Feasibility Study restart uranium low cost A restart definitive feasibility study for Lotus Resources’ (ASX: LOT) Kayelekera uranium project in Malawi has ranked it as one of the lowest capital cost projects of its kind in the world.

It also confirmed the project has the ability to recommence production within 15 months once a final investment decision has been made.

The study is underpinned by an ore reserve estimate of 15.9 million tonnes at 660 parts per million for 23 million pounds of uranium oxide.

Uranium produced in the mine plan is based on 96% reserves and 4% inferred resources.A short road to restart will result in an average production of 2.4Mlbs uranium oxide per year for the first seven years of a 10-year mine life.Lotus is now focused on accelerating engagement with nuclear energy utilities, arranging financing options and securing offtake agreements to […]

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